5-Unit Brick Apartment
807 BEDFORD Street, Cumberland, MD 21502
For Sale
$216,500
Multi-Family, CUMBERLAND, MD
Property Size2,395 SF
Lot Size0.06 Acres
Price / SF$90.40
Days on Market197
Property Features for 807 BEDFORD Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Deborah K Grimm · License MD #71388
(301) 697-4405
Added: May 1
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# MDAL2014506
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,395-square-foot apartment building contains five units and was adapted from a duplex. Four units are occupied. The brick structure dates to 1920, and heating includes electric baseboard equipment. A basement is also present.
The property occupies a 0.0634-acre lot in Cumberland, Maryland. Parking options include off-street and on-street parking. Financial records are available upon request.
The property occupies a 0.0634-acre lot in Cumberland, Maryland. Parking options include off-street and on-street parking. Financial records are available upon request.
Key Highlights
- Five‑unit apartment building converted from a duplex
- Four of five units occupied
- 2,395 square feet on a 0.0634‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,017
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
$300.3K
Cap Rate 7%
$214,529
$214.5K
Cap Rate 9%
$166,856
$166.9K
Market Conditions
NOI Build-Up for 2,395 SF
Gross rent
$28.7K $12.00/SF
− Vacancy
−$1.4K −$0.60/SF
EGI
$27.3K $11.40/SF
− OpEx
−$12.3K −$5.13/SF
NOI
$15.0K $6.27/SF
Area
Allegany County, MD
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
Cap Rate 7%
$214,529
Cap Rate 9%
$166,856
Alternative Uses
Best Use
Apartment 5plus
$214.5K
$187.7K – $250.3K
NOI $15,017 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.2K
$777.2K – $1.04M
NOI $62,173 @ 7.0% cap · market cap 28.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Converted duplex configuration with four of five units occupied and financial records available upon request.
Where is this apartment building located?
The property is located at 807 BEDFORD Street Cumberland, MD.
What is the asking price?
The asking price for this property is $216,500.
What are key features of this property?
This property features: Five‑unit apartment building converted from a duplex; Four of five units occupied; 2,395 square feet on a 0.0634‑acre lot
